Overview

This lot in Wainfleet is for sale offering roughly 1,300 sq ft of space. It has been on the market 48 days, fresher than the Wainfleet average of 95 days.

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Description

Remarkable opportunity to build your dream beachfront, all-season house or recreational cottage home on the beautiful shores of Lake Erie. Steel break wall with concrete patio offers protection from inclement seasonal weather. Ten minute drive to Port Colborne. Current house structure is deemed a tear-down (no entry allowed for any viewings). Separate lot available across the street (MLS # X37496720). Seller (Mabo Westside Construction Ltd.) is a registered and reputable builder with 60 years of family-owned construction experience, and also willing to design and build your dream home for you. Price is plus HST, however please note that with the newly introduced enhanced HST rebate program by the government, this is a rare opportunity to take advantage of significant development savings on a newly built home (https://news.ontario.ca/en/release/1007212/ontario-expanding-hst-rebate-to-lower-the-cost-of-new-homes-in-partnership-with-the-federal-government). Holding tank installed 2023. (id:66096)

Market Timing

Days on market

48d

Wainfleet (Lakeshore) listings, avg age

95d

Price / ft²

$358

List price

$465K

Homes here sell slower than most markets

Sold homes in this market spent an average of 62 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 93.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This vacant land in Wainfleet (Lakeshore) has been listed for 48 days, which is 47 days fresher than the city average of 95. Act while there is still low competition.

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Area context

Neighbourhood profile (L0S)

This home lists at $465,000, about 4.9× the local median household income of $95,000.

Carrying it typically needs a household income of about $90,831 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $95,000
Population: 60,409
Median age: 53.2
Owner / renter: 87% / 13%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA L0S)

$465,000· $358/ft²

For sale

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Financing

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11573 Beach Road East, Wainfleet (Lakeshore) - Vacant Land for Sale

Description

Property Details

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (L0S)

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